Cristo Rey Network

“Cristo Rey Network updated its bylaws on April 5, 2022. The amendment added Section 4.3 establishing the duty of the Vice Chairperson to assist the Chairperson at meetings of the Board of Directors. If and when the Vice Chairperson permanently assumes the responsibilities of the Chairperson, a new election will be held to identify a new Vice Chairperson.”

“The Cristo Rey Network is comprised of 38 high schools that provide a quality, Catholic, college preparatory education to urban young people who live in communities with limited educational options.”

“The Cristo Rey Network schools elect the majority of the members of the board.”

“The Finance Committee (committee of the Board) is responsible for selection of an independent accountant, oversight of the audit and review of the financial statements and Form 990. The Finance Committee reviews the Form 990 and then distributes to the full board for their review prior to filing with the Internal Revenue Service.”

“Internal Control Policies are designed to bring any conflict of interest that may arise in relations of directors, officers and management employees to management's attention. Any conflict of interest that is identified is disclosed to the board. The board then determines whether a conflict exists and is material, and in the presence of an existing material conflict, whether the contemplated transaction may be authorized as just, fair and reasonable to Cristo Rey Network.”

“In establishing and reviewing the compensation for the organization's CEO and other highly compensated employees, the Cristo Rey Network Board compiles and reviews compensation data available from public sources (including 990s) paid by organizations of comparable size and scope to employees of comparable title and role. The Finance Committee conducts such reviews annually as part of the budgeting process and the Executive Committee does so periodically when determining compensation for new leadership. The process is subject to contemporaneous documentation.”

“Cristo Rey Network governing documents, conflict of interest policy and financial statements are available upon request through the Cristo Rey Network website. The Financial Statements are included in the hard copy annual report brochure which is made available to the public. The aforementioned documents and statements are available for the same period of disclosure as set forth in IRC section 6104(d).”

“The Cristo Rey Network is the largest network of high schools in the country enrolling only low-income youth. Comprised of 38 Catholic, college preparatory schools serving more than 12,300 students across 24 states, the Cristo Rey Network delivers a distinctive approach to inner-city education to equip students with the knowledge, character, and skills to transform their lives. From freshman year, Cristo Rey schools establish a culture of high expectations by blending rigorous academics, four years of professional work experience through the Corporate Work Study Program, Catholic educational values, and support for students to and through college. The impact is clear: Cristo Rey graduates enroll and graduate from college at twice the rate of other low-income high school graduates. The Cristo Rey Network national office protects the integrity of the movement and advances school excellence and innovation by: - Surfacing, scaling, and standardizing effective practices across all schools - Facilitating new school growth - Supporting mission accountability - Stewarding national branding, visibility and fundraising”

“Contractor Services: Program service expenses 1,065,260. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,065,260.”

“Change in Value of Life Insurance Policy 6,127. Undeposited Funds 10,000.”